Consolidation

On 4 December 2003, The Minister for Revenue and Assistant Treasurer announced
a number of measures to provide greater flexibility for groups as they move
into the new consolidation regime. As the new consolidation regime has changed
the taxation landscape for most corporate groups, the Government has continued
its active consultation with business on the implementation of the new regime.
Arising from these consultations has been a call for further clarification and
greater certainty.

The Minister for Revenue and Assistant Treasurer, Senator Helen Coonan said
that the Government had listened to and heard the concerns of business and
today announces further measures to give taxpayers greater flexibility and
to assist them even further when moving into the consolidation regime.